Softvest Advisors, LLC (Abilene)

Softvest Advisors, LLC is a large advisory firm based in Abilene. It manages $262.55 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Tennessee and Texas.

Softvest Advisors provides portfolio management for pooled investment vehicles and provide analysis to an independent insurance company upon request related to a fixed income portfolio.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Softvest Advisors: assets under management

The assets under management (AUM) of Softvest Advisors, LLC is $262.55 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $262.55 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37.51 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Softvest Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Softvest Advisors serves?

The only and largest group of clients of Softvest Advisors is pooled investment vehicles with 7 clients and $262.55 million of assets under management. Among the 11 most similar advisory firms, Softvest Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $262.55 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Softvest Advisors also advises several private funds. Namely, one hedge fund and six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Softvest Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Michael Daniel	Chief compliance officer	1 Jan 2019	Other	7022160
Kline Daniel Oliver	Chief trading/risk officer	1 Jan 2019	Other	7022224
Eric Lee Oliver	President and managing member	1 Jan 2019	Other	1780074
Daniel Gene Mcfarland	Chief financial officer	1 Jan 2019	Other	7058914
Llc Softvest Advisors Holdings	Managing member	1 Mar 2019	75% - 100%	83-4161554

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Lee Oliver	President and managing member	1 Mar 2019	50% - 75%	1780074
Kline Daniel Oliver	Member	1 Mar 2019	25% - 50%	7022224

Based in Abilene

The principal office where Softvest Advisors, LLC performs its advisory services is located at 400 Pine Street, Abilene, TX 79601, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 325-677-6177 or by fax 325-677-6176. The normal business hours are 8:00am to 5:00pm on Monday - Friday.